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News Breaks
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January 12, 2012
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| 08:05 EDT |  | BKI |
| theflyonthewall.com: | Buckeye to icur $2.4M in restructuring expenses in 2012 | | The company says "We expect to incur about $2.4M in restructuring expenses in calendar 2012 and a non-cash asset impairment charge of about $49M in the October-December 2011 quarter. The closure is expected to generate an approximate $20M cash benefit, primarily due to tax benefits related to the investment loss, assuming we are able to utilize all of our potential cellulosic biofuel credits by June 2016. Any additional cash benefit will be dependent on the final outcome of the facility sale process.” :theflyonthewall.com |
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